RoK President visits Indonesia to boost economic ties

President of the Republic of Korea (RoK) Park Geun-hye is paying a
three-day official visit to Indonesia from October 10, aiming to further
boost the two countries’ bilateral economic relations.

During the trip, the RoK leader is scheduled to hold talks with her
Indonesian counterpart President Susilo Bambang Yudhoyono on October 12.

At the talks, the two leaders will discuss
bilateral, regional and international issues of their common interest,
especially the Comprehensive Economic Partnership Agreement (CEPA) under
negotiation that will be finalised at the earliest possible date this
year.

President Yudhoyono will emphasise the
need to further promoting the cooperation between the two countries in
the fields of defence, renewable energy development, infrastructure and
tourism, said P residential Spokesman for foreign affairs Teuku
Faizasyah in a press statement.

The visit shows the RoK and Indonesia’s commitment to building strong cooperation, added Teuku.

Two-way
trade reached 30.8 billion USD in 2011, a threefold increase from 2007,
which helps the RoK become the 7 th largest trade partner of the
Southeast Asian country.

The two sides agreed to
increase their bilateral trade volume to 50 billion USD in 2014 and 100
billion USD by 2020 during President Yudhoyono’s state visit to the RoK
last year.-VNA